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Re: Zorax post# 43694

Tuesday, 04/16/2024 4:30:06 PM

Tuesday, April 16, 2024 4:30:06 PM

Post# of 44158
Imagine putting ones entire families savings in at 90.00 a share and never seeing it get close for almost two years, sitting through SEC investigations sweating the company may BK, getting pumped up with the merger only to see it still not breaking even and THEN it drops to 20's in less than two weeks??!!

I think that was entirely predictable. Most SPACs crater once the merger takes place:

SPAC Market Update: Who turned on the lights?
After years of hype, de-SPAC results are disappointing, stock performance has cratered, and the SEC is hitting the breaks

https://www.valuationresearch.com/insights/spac-market-update-who-turned-on-the-lights/#:~:text=After%20years%20of%20hype%2C%20de,SEC%20is%20hitting%20the%20breaks&text=The%20article%20in%20brief%3A,their%20value%20following%20a%20merger.
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